Single-Tenant Net Lease Medical
201 East South Street Markle, IN 46770
201 East South Street, Markle, IN, 46770
Contact for pricing
For Sale
Contact for pricing
Single-tenant NNN medical facility leased to an established outpatient and community-based healthcare provider in Markle, Indiana.
Property Size6,014 SF
Price / SF$187.89
Days on Market86
Property Features for 201 East South Street
General Information
- Standard status
- Active
- Size
- 6,014 SF
- Property subtype
- Office
Building Details
- Year Built
- 1975
Listing agency
Marcus & Millichap - Indianapolis
(317) 218-5334
Listed by
Joseph DiSalvo · License #IN RB14051407
Source
Crexi
Added: Apr 28 Updated: Jul 22 at 11:02AM Checked: Jul 22 at 11:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This single-tenant net lease medical property is leased to an established healthcare provider delivering outpatient and community-based medical services. The long-term NNN lease structure is designed as a passive ownership model with minimal landlord responsibilities.
The facility is located at 201 E South St in Markle, Indiana, within the Fort Wayne Metropolitan Statistical Area. The property offers convenient access to Interstate 69, supporting connectivity to Fort Wayne and surrounding communities, approximately 20–25 minutes away.
As part of a smaller community, the property is positioned to serve local patients while also benefiting from proximity to regional healthcare systems in the Fort Wayne area.
The facility is located at 201 E South St in Markle, Indiana, within the Fort Wayne Metropolitan Statistical Area. The property offers convenient access to Interstate 69, supporting connectivity to Fort Wayne and surrounding communities, approximately 20–25 minutes away.
As part of a smaller community, the property is positioned to serve local patients while also benefiting from proximity to regional healthcare systems in the Fort Wayne area.
Key Highlights
- Single‑tenant net lease medical property in Markle, IN, leased to an established outpatient/community‑based healthcare provider
- Long‑term NNN (triple‑net) lease structure with minimal landlord responsibilities
- Address: 201 E South St in Markle, IN, with convenient access to Interstate 69
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.5k | $20.04 |
| − Vacancy | −$9.6k | −$1.60 |
| EGI | $110.9k | $18.44 |
| − OpEx | −$44.4k | −$7.37 |
| NOI | $66.5k | $11.06 |
6,014 SF · lease $20.04/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$950.4K
$831.6K – $1.11M
NOI $66,527 @ 7.0% cap · market cap 5.89%
Second Best
Office B
$948.0K
$829.5K – $1.11M
NOI $66,360 @ 7.0% cap · market cap 5.87%
Theoretical Best
Multifamily LT 5
$5.02M
$4.40M – $5.86M
NOI $351,678 @ 7.0% cap · market cap 31.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Markle Medical Center: ...
Physician
Bluffton Medical Group
Medical Group
Markle Medical Center: ...
Physician
Kunkle Barry MD
Physician
Dr. David C. ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Single-tenant NNN medical facility leased to an established outpatient and community-based healthcare provider in Markle, Indiana.
Where is this medical center located?
The property is located at 201 East South Street Markle, IN.
What is the asking price?
The asking price for this property is $1,130,000.
What are key features of this property?
This property features: Single‑tenant net lease medical property in Markle, IN, leased to an established outpatient/community‑based healthcare provider; Long‑term NNN (triple‑net) lease structure with minimal landlord responsibilities; Address: 201 E South St in Markle, IN, with convenient access to Interstate 69
